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Thursday, May 17, 2012

Recent Insider Selling Detected: (TESO), (CRAY), (WNR), (IBKC), (TDG)

Shares of Tesco Corporation (TESO) traded higher by 2.21% or $0.30/share to $13.9. In the past year, the shares have traded as low as $10.01 and as high as $23.39. On average, 216710 shares of TESO exchange hands on a given day and today's volume is recorded at 43874. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $14.13 area where the stock may encounter resistance. The stock has insider ownership of 1.16%.

Shares of Cray Inc. (CRAY) fell by 0.73% or $-0.08/share to $10.86. In the past year, the shares have traded as low as $4.96 and as high as $11.50. On average, 384470 shares of CRAY exchange hands on a given day and today's volume is recorded at 34994. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $8.33 area where the stock will likely see buying pressure. The stock has insider ownership of 4.46%.

Shares of Western Refining Inc. (WNR) traded higher by 3.2% or $0.58/share to $18.71. In the past year, the shares have traded as low as $11.12 and as high as $21.65. On average, 2379140 shares of WNR exchange hands on a given day and today's volume is recorded at 389736. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $18.87 represents resistance and the 200-day moving average of $16.33 would be an area of support. The stock has insider ownership of 32.46%.

Shares of IberiaBank Corp. (IBKC) fell by 1.1% or $-0.55/share to $49.26. In the past year, the shares have traded as low as $41.67 and as high as $58.45. On average, 153380 shares of IBKC exchange hands on a given day and today's volume is recorded at 12004. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $49.87 area where the stock may encounter resistance. The stock has insider ownership of 2.23%.

Shares of TransDigm Group Incorporated (TDG) fell by 0.64% or $-0.79/share to $123.22. In the past year, the shares have traded as low as $73.76 and as high as $132.69. On average, 453890 shares of TDG exchange hands on a given day and today's volume is recorded at 52730. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $119.43 area where the stock will likely see buying pressure. The stock has insider ownership of 0.24%.